News: NZ central bank may shift to a neutral OCR outlook -Westpac

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    WELLINGTON, Jan 31 (Reuters) - Reserve Bank of New Zealand (RBNZ) may shift to a neutral official cash rate (OCR) outlook in its monetary policy statement on Feb. 12 after a wave of strong economic and housing data and a sharp lift in government spending, Westpac said on Friday.

    Previously, the RBNZ implied there was a 50/50 chance of an imminent OCR cut, Westpac said.

    Labour market data next week and the developing coronavirus outbreak are key uncertainties that could change the outlook, the bank added.

    RBNZ left the OCR unchanged at 1% at its last meeting in November. (([email protected]; +6448028163; Reuters Messaging: [email protected]; Twitter: https://twitter.com/pravemn))

 
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